Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago on .

User Stats

10
Posts
1
Votes

How to put 100% HML into BRRRR calculator (purchase AND rehab)

Posted

Caveat, I'm very new to this, so please forgive me if this question is confusing. 

I am working the BRRRR calculator and am talking to hard money lender about a loan for the full purchase AND rehab costs. But the report seems to require separate entries for these. I enter 0% down in the loan and the 10% interest, with points and other closing costs. And I enter in the rehab costs separately. And the report looks the way I expect, bundling my rehab costs and loan fees as the amount due at closing, But I'm concerned the interest calculation doesn't represent the combined costs. However, if I add the rehab costs into the loan amount AND also as the rehab costs, that definitely doesn't make sense.

However, when I enter the loan and rehab costs separately, the total cash invested actually does reflect my expectations, so maybe I'm doing this right and I just don't yet understand it.

Can someone help me decipher the BRRRR report vis a vis this situation? THANKS!